Jersey State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Jersey State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 312130 | Wineries | 1 | $194K | $194K | 25.0% |
| 722511 | Full-Service Restaurants | 1 | $800K | $800K | 25.0% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 1 | $1.7M | $1.7M | 25.0% |
Geographic Distribution
SBA lending activity for Jersey State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 4 | $2.9M | 100.0% |
Why Choose Jersey State Bank?
Based on SBA 7(a) lending track record from 1997-2011
- ✓Proven Track Record: 4 SBA loans approved, totaling $2.9M in financing
- ✓Industry Expertise: Specialized focus on Wineries, Full-Service Restaurants, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $194K to $1.7M, with an average of $715K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in IL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Jersey State Bank SBA lending
What types of businesses does Jersey State Bank typically finance?
Jersey State Bank specializes in SBA 7(a) lending to specific industries including wineries, full-service restaurants, offices of physical, occupational and speech therapists, and audiologists. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Jersey State Bank's typical SBA loan terms?
Jersey State Bank's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 129 months (approximately 11 years). Loan sizes range from $194K to $1.7M, with an average loan size of $715K.
Do I need a business valuation for a Jersey State Bank SBA loan?
Yes, Jersey State Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Jersey State Bank compare to other SBA lenders?
Jersey State Bank has originated 4 SBA loans totaling $2.9M since 1997. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Jersey State Bank lend in?
Jersey State Bank provides SBA 7(a) financing with particularly strong presence in IL. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
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